Qualifications
Archived Frequently Asked Questions
Click on the question to see the answer:
FAQ-1. Could you please clarify the term “Agent” in Appendix 4 (PJM Qualification Certification Form)? Is the company’s authorized signatory considered as an “Agent”?
Agent is a term used to refer to the authorized signatory in Appendix 4. This individual must be an individual empowered to undertake contracts and bind the RFP Bidder.
FAQ-2. Can we request changes to the Confidentiality Agreement?
No, the Confidentiality Agreement is a standard document that must be executed in its current form and without modifications by each RFP Bidder as a condition of its participation in the RFP.
FAQ-3. If an RFP Bidder elects that “the RFP Bidder is not seeking to be granted unsecured credit under the Default Service SMA” in the Credit Application, would this affect the maximum number of tranches that the RFP Bidder is allowed to bid?
No, the maximum number of tranches that an RFP Bidder is allowed to bid is determined by the Bid Assurance Collateral that the RFP Bidder posts subject to the solicitation load cap and the aggregate load cap. Electing not to be granted unsecured credit under the Default Service SMA would not affect the number of tranches an RFP Bidder may bid in the solicitation.
FAQ-4. Our company is a non-rated entity with no guarantor, and we are not seeking unsecured credit under the Default Service SMA. According to the Credit Application in the online Qualification Form, we just need to complete the First Item (Company Information) and the Second Item (Election of Entity on Whose Financial Standing the RFP Bidder Is Relying). Please confirm that we are not required to sign the Credit Authorization or provide any of the supporting documents once we have completed these two Items and have indicated that “the RFP Bidder is not seeking unsecured credit under the Default Service SMA” for purposes of the Credit Application.
Yes, you are correct. Once the RFP Bidder completes the information in the First Item and elects that “the RFP Bidder is not seeking to be granted unsecured credit under the Default Service SMA” in the Second Item of Section 4, the Credit Application is complete and the RFP Bidder is not required to provide additional documentation or information related to the Credit Application under Section 4 of the online qualification form.
FAQ-5. Does the signatory of the Confidentiality Agreement need to be an Officer of the Applicant?
The signatory of the Confidentiality Agreement should be an Officer of the RFP Bidder who is an individual empowered to undertake contracts and bind the RFP Bidder. Unless otherwise noted, all Representations in this RFP must be made by an Officer of the RFP Bidder.
FAQ-6. Does the individual who signs the representations required for Bidder Qualification need to be the same individual who signs the Default Service SMA if the RFP Bidder wins load in the solicitation?
No, there is no requirement for this to be the same individual.
FAQ-7. Where should Bidders send the Bid Assurance Letter of Credit?
The Bid Assurance Letter of Credit should be sent to the following address:
NERA / PPL Electric RFP Manager
1835 Market Street, Suite 1205
Philadelphia, PA 19103
FAQ-8. When can we expect to receive a signed copy (i.e., countersigned by PPL Electric) of the Confidentiality Agreement?
A scanned copy of the fully executed Confidentiality Agreement is provided to each RFP Bidder with its Notification of Qualifications. Bidders will be notified of their qualification status on the Qualified Bidders Notified date.
FAQ-9. Can Appendix 6b. Confirmation of Credit and Financial Information be signed by the representative or does it need to be signed by an Officer of the Applicant?
Appendix 6b can be signed by the representative of the RFP Bidder to confirm that all previously submitted credit and financial information remain up-to-date and accurate.
FAQ-10. If we qualified for a previous solicitation in the RFP, can we provide our most up-to-date financial information and Appendix 6b. Confirmation of Credit of Financial Information?
Yes, that is correct. As stated in Section 4.1.4 of the RFP Rules, an RFP Bidder that qualified for a previous solicitation in the RFP can qualify again by verifying that the previously submitted credit and financial information is up-to-date and by providing updated credit and financial documentation if they have changed.
FAQ-11. If we are not seeking unsecured credit for this procurement, should we still provide updated financial and credit information?
Please see Qualification-FAQ-4.